China is strangling its private champions


Before then, the likes of Ant Financial

CHINESE electronic-payment providers like Alipay are just the type of innovative, technology-driven, consumer-focused enterprises Beijing wants to nurture.

New regulations on almost US$200bil of their deposits will do just the opposite.

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China , strangling , private , champions , Ant Finance , WeChat , Tencent , Alibaba ,

   

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